SHFA Board approves purchase of minority shareholding in SMCI

May 12, 2025 (MLN): The Board of Directors of Shifa International Hospitals Limited (SHFA) has approved a proposal to purchase the shareholding of all the shares held by all the minority shareholders in its subsidiary company, Shifa Medical Centre Islamabad (Private) Limited ("SMCI").

This decision was made in its meeting held on 10 May 2025, the company's filing on PSX revealed today. 

The purchase will be carried out by negotiating and entering into share purchase agreements and executing share transfer deeds with all the relevant parties (the "Transaction").

In the same meeting, the Board of Directors of SHFA has also called an extraordinary general meeting of all its shareholders to approve the Transaction.

The Transaction will result in the consolidation of SMCI into a wholly owned subsidiary of SIHL.

This move would allow SIHL to eventually merge with SMCI.

The merger is expected to simplify the corporate structure by eliminating redundant administrative layers and intercompany relationships.

Additionally, the Transaction and the proposed merger will increase the asset base and size of SHFA.

This would enable SHFA to benefit more effectively and efficiently from economies of scale in the combined business.

Further business expansion opportunities for SHFA are also anticipated as a result of the proposed Transaction.

It is noted that the proposed Transaction is subject to the receipt of all requisite corporate and regulatory authorizations, consents, and approvals.

SHFA will continue to provide updates on the progress of this matter.

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